IBT Staff Reporter

Independent oil exploration company Cobalt International Energy Inc became the latest private equity-owned company to seek to raise money in an initial public offering, according to a regulatory filing on Friday.

Avaya Inc is not the sole bidder for the Nortel Networks Corp business that builds networks for large corporate clients, the bankrupt Canadian telecom equipment maker said on Friday.

The World Trade Organization ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.

Google Inc made its fortune on Internet search ads, but Wall Street is increasingly eager for signs that the company's other money-making bets will pay off.

U.S. job losses fell to their lowest level in a year last month, but the unemployment rate jumped to a 26-year high, painting a mixed picture of an economic recovery hindered by weakness in the labor market.

Tens of thousands of Han Chinese demonstrated on Thursday in central city of Urumqi, the capital of China's Xinjiang province, calling for the resignation of the region's leader, Wang Lequan, who has held the post for 14 years.

The Associated Press's decision to release a photo of a dying U.S. Mariner taken in Afghanistan drew lots of controversies in the United States.

California solar company Solyndra Inc said on Friday that it started construction on its second solar panel manufacturing plant, putting into action the first loan guarantee awarded under a long-delayed U.S. program for advanced clean energy.

Hitch-hikers have always used their thumbs to get a ride. Now a new invention aims to update the technique -- allowing mobile phone users to dial-a-driver.

Author Jeff Lindsay found inspiration for a novel about a good serial killer in the fake smiles and insincere handshakes of people at a civic group meeting who, he thought, might want to kill each other.

New data from the Boston mutual fund giant shows a rise in how often it voted against management proposals in the just-concluded proxy season. It also opposed company pay plans and the election of company directors more frequently.

The World Trade Organization ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.

U.S. stocks closed higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, although the unemployment rate hit a 26-year high.

The famous couple in the entertainment industry was praised in Vanity Fair's

U.S. stocks ended higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, even though the unemployment rate hit a 26-year high.

The number of rigs drilling for natural gas in the United States rose two this week to 701, the seventh straight weekly gain after sinking in mid-July to the lowest level in more than seven years, according to a report on Friday by Baker Hughes in Houston.

The world should widen a fight against global warming by curbing a string of pollutants other than carbon dioxide, the main greenhouse gas, the U.N. Environment Programme said on Friday.

U.S. temporary staffing -- historically one of the first areas to show evidence of a jobs recovery -- appears to have hit bottom, but questions remain how long it will stay there.

The Securities and Exchange Commission should overhaul management and take advantage of the hungry, experienced lawyers it employs, so that when the nextBernard Madoff is staring in its face, it will catch him.

Motorola Inc needs to spark some serious gadget lust next week when it unveils new phones to convince consumers and Wall Street that it's still a player in the global mobile industry, but the odds may be heavily stacked against it.

Bermuda reinsurer Validus Holdings won shareholder support for its $1.77 billion acqusition of rival IPC Holdings on Friday, and moved swiftly to close a deal that was months in the making.

A U.S. district court awarded TiVo Inc, a maker of DVR boxes, nearly $200 million in damages in its long-running patent case with DISH Network Corp and EchoStar Corp.

The bankrupt publisher of the Philadelphia Inquirer has run afoul of creditors over its

New car sales in Britain rose for a second consecutive month in August, helped by the government's

A U.S. district court awarded TiVo Inc, a maker of DVR boxes, nearly $200 million in damages in its long-running patent case with DISH Network Corp and EchoStar Corp.

As the 66th International Film Festival kicks off in Venice, the world premiere of

Daimler's (DAIGn.DE) chief executive told German newspaper Bild that the auto maker would perform better in 2010 and was set to achieve significantly more than 4 billion euros ($5.71 billion) in savings in 2009.

Most major U.S. airlines reported another month of declining traffic in August as rising unemployment hurt leisure demand and corporate cost cuts continued to hamper business travel.

Deep in the heart of Texas, a Chevy dealership is almost empty of super-sized trucks and full of promise for the battered U.S. auto industry.